WORLD: Brazilian maize for China From 30/09 to 07/10, the price of the December delivery in Chicago gained $2/t to reach $271/t. The week was marked by new tensions around the Ukrainian maritime corridor (see Europe section). In the US, as of 09/10, 31% of American corn had been harvested, compared with an average of… Read more »
WORLD: Drought in Argentina From 23/09 to 30/09, the price of December corn in Chicago remained relatively stable at 267 $/t. In the United States, as of 25 September, 12% of American corn had been harvested, compared with an average of 14% at that date (2017-2021). A rather dry week is expected in the Corn… Read more »
WORLD: Weakened macroeconomic outlook From 16/09 to 23/09, prices for December in Chicago remained stable at $267/t. The week was marked by the hesitations of operators between renewed tension in Ukraine and a gloomy global macroeconomic context. In the United States, the corn harvest continues. As of 18/09, 7% of the US maize crop had… Read more »
WORLD: Harvesting begins in the Corn Belt From 09/09 to 16/09, the price of the December delivery in Chicago lost $3/t to stand at $267/t. Agricultural commodity prices lost ground last week, despite a bullish USDA report for corn, due to market fears ahead of US Federal Bank rate hikes in late September. In the… Read more »
WORLD: Start of sowing in South America From 26/08 to 02/09, the price of the December delivery in Chicago gained $7/t to stand at $262/t. The US markets are closed this Monday due to the Labor Day. Profit taking is expected this week ahead of a forthcoming interest rate hike by the US central bank… Read more »
WORLD: US yields revised downwards In August, the price of December maize in Chicago initially lost ground due to the resumption of Ukrainian exports and Sino-US tensions in Taiwan. The price of maize in the US then rose due to unfavourable weather conditions for maize yields in the US and tensions around the Zaporizhia nuclear… Read more »